News
Aus and NZ central banks leave rates unchanged
OCEANIA - The Australian and New Zealand reserve banks left their benchmark interest rates unchanged Wednesday amid uncertainty over global economic growth.
Singapore c bank unveils rules on terror funding
SINGAPORE - The Monetary Authority of Singapore (MAS) has unveiled sweeping measures for local banks to choke off access by terror groups to funding and weapons.
Fed ready to cut rates if necessary - McDonough
US - A top United States Federal Reserve official has offered an assurance that the central bank stands ready to lower interest rates if the economy faltered, but said it was unlikely such help would be needed.
Poland's central bank to maintain floating rate
POLAND - Poland's Central Bank (NBP) will maintain the free-floating exchange rate, the institution's head Leszek Balcerowicz announced on Tuesday.
Solomon Islands to tighten revenue collection
SOLOMON ISLANDS - The Central Bank of Solomon Islands (CBSI) has taken measures to strengthen monitoring and administration of exports and imports towards enhancing exchange control requirements and government revenue collection.
Albanian central bank deputy arrested
ALBANIA - The Attorney-general explained yesterday, Tuesday, the reasons for the arrest of the deputy governor of the Bank of Albania, Dhame Pite, by Tirana police late yesterday evening.
Regulatory board for accountants hits snag
US - The process of setting up the new regulatory board for accountants is being delayed because of a dispute over one possible member, Donald Kirk, a former regulator criticised for being too close to the audit profession.
Reserve Bank of Australia Press Release
PRESS RELEASE - At its meeting on 1 October the RBA Board decided to leave the cash rate target unchanged at 4.75 per cent.
Reserve Bank of New Zealand Press Release
PRESS RELEASE - OCR stable at 5.75 per cent, 2 October.
Monetary Authority of Singapore Press Release
PRESS RELEASE - Singapore to host 2006 annual meeting of IMF and World Bank, 29 September.
Monetary Authority of Singapore Press Release
PRESS RELEASE - BCCS merges with MAS on 1 October.
HSBC set to go online in China
CHINA - HSBC on Monday became the second foreign bank after Hong Kong's Bank of East Asia to receive a licence to begin online banking in China.
India's for ex reserves up $500m
INDIA - The country's forex reserves have surged by $500 million to touch $62.521 billion for the week ended September 20, 2002, as compared to $ 62.021 billion in the previous week, figures released by the Reserve Bank of India show.
Yugoslav bank chief says citizens want reforms
YUGOSLAVIA - People who brought about changes in Serbia on 5 October 2000 still have a majority in Serbia; generally, this is good news for reforms, Mladjan Dinkic, governor of the National Bank of Yugoslavia (NBJ), stated Tuesday.
Israel's for ex reserve drop for 3rd month running
ISRAEL - Israel's foreign currency reserves dropped in September for the third month running, the Bank of Israel said today.
Improved competitiveness needed in Africa- Mboweni
SOUTH AFRICA - Reserve Bank Governor Tito Mboweni says the world economy of the 21st century dictates that improved competitiveness is fundamental to overcoming the socio-economic problems facing Africa.
MAS unveils new rules to stop terrorist financing
SINGAPORE - The Monetary Authority of Singapore (MAS) has unveiled new rules aimed at choking the flow of funds for terrorist groups.
Malta's Monetary Policy Advisory Council set up
MALTA - Following the entry into force on 1 October 2002 of the amendments to the Central Bank of Malta Act, the Monetary Policy Advisory Council has been constituted under the provisions of the same Act. This Council is responsible to advise the…
Tankan poll shows economic recovery slowing
JAPAN - Japan's economic recovery slowed over the July-September period, the Tankan quarterly survey on business confidence released Tuesday by the Bank of Japan (BOJ) has shown.
Brown rebuked for slow appointment of BofE's Large
UK - Gordon Brown's failure to appoint a new deputy governor to the Bank of England before the old one left earned a rebuke Monday from a parliament inquiry.
Minutes of the Federal Open Market Committee
MINUTES - The Federal Reserve on 26 September released the minutes of its FOMC meeting of 13 August. All the members indicated that they could accept, and most said they preferred, a proposal to shift the Committee's assessment of the risks to the…
Cen bank of Korea, Japan, China to meet regularly
KOREA - The central bank governors of South Korea, China and Japan have agreed to hold their first regular meeting in Beijing next spring in order to enhance economic ties.
Russian central bank head expects same reserves
RUSSIA - Russia's gold and foreign exchange reserves will close this year at the same level they are at now, Central Bank chairman Sergei Ignatyev said on Monday.
Fed's McTeer: Faster economic growth 'essential'
US - Federal Reserve Bank of Dallas President Robert McTeer, who pushed unsuccessfully for lower interest rates at a Fed policy meeting last week, said on Monday it was essential for the U.S. economy to grow faster.